Global passenger air traffic growth slowed down to 5.5% in September

Global passenger air trafficThe growth rate of world passenger air traffic in September slowed down to 5.5% yoy from 6.4% in August, according to a press release from the International Air Transport Association (IATA).

“While the growth rate of traffic in September was within the long-term average, it shows a slowdown compared with the previous months. This is probably due to the expected decline in demand growth, due to rising airline costs, especially because of fuel prices”, said the Director General and CEO of IATA, Alexandre de Juniac.

According to IATA, the highest growth rate was observed in the Asia-Pacific region – 6.7%. In Latin America, growth was 6.3%, in North America – 5.6%, in Europe – 5.4%. The smallest growth in demand was recorded in Africa (2.3%) and in the Middle East (1.4%).

The growth of international passenger traffic was 4.9%. The growth of domestic passenger traffic in September was 6.5%. In August, figures were 5.6% and 7.7%, respectively.

According to the International Air Transport Association (IATA), the volume of passenger traffic in Russia in September increased by 11.7% in annual terms. Including the volume of international passenger traffic by Russian companies increased by 11.9%, domestic traffic – by 11.4%.